The Herald is reporting that the record-breaking pending sales numbers reported for May – showing an 83.6 percent spike – may have been inflated by use of new MLS stats.
It then goes on to quote others who suspect the Massachusetts Association of Realtors may have been a little too bit eager to show a booming home market.
Then again, why did the MAR release a statement on June 13, the day after it initially put out the May report, warning about the mistake and apologizing for it? That statement came out five days ago. The statement is now prominently placed above the original press release on the front page of its web site.
It’s not like the MAR is trying to hide the error.
Maybe we’re being too trusting. The error is embarrassing and proves the need for accurate stats. But …
File under: Roswell